eBay Inc. Lower After Barclays Downgrade

ebay Inc. EBAY shares are lower by $0.40 at $23.72 in Tuesday's session. The catalyst for the decline is a downgrade from Barclays to Underweight citing lack of fundamental improvement at the company. After a lower open, it continued in that direction until it found support at $23.36 and reversed course. So far, the ensuing rally has not reached the lower end of Monday's range ($24.08), with the rally peaking $23.90 with two hours remaining in the session.